Mondi (MNDI) Price Target Raised to GBX 2,475 at Credit Suisse Group

Mondi (LON:MNDI) had its price target raised by Credit Suisse Group from GBX 2,243.64 ($30.43) to GBX 2,475 ($33.57) in a research report sent to investors on Friday. Credit Suisse Group currently has an outperform rating on the stock.

Several other brokerages have also recently issued reports on MNDI. Deutsche Bank raised their target price on shares of Mondi from GBX 2,300 ($31.20) to GBX 2,400 ($32.56) and gave the stock a buy rating in a report on Thursday. Goldman Sachs cut shares of Mondi to a neutral rating in a research note on Thursday. JPMorgan Chase reiterated an overweight rating and set a GBX 2,310 ($31.33) price target (up previously from GBX 2,200 ($29.84)) on shares of Mondi in a research note on Tuesday, March 13th. Citigroup reiterated a buy rating and set a GBX 2,450 ($33.23) price target on shares of Mondi in a research note on Monday, March 5th. Finally, Jefferies Group reiterated a buy rating and set a GBX 2,300 ($31.20) price target on shares of Mondi in a research note on Tuesday, March 6th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of GBX 2,355.83 ($31.96).

MNDI stock traded up GBX 11 ($0.15) on Friday, hitting GBX 2,076 ($28.16). The company had a trading volume of 1,469,408 shares, compared to its average volume of 1,880,000. Mondi has a 12-month low of GBX 1,684 ($22.84) and a 12-month high of GBX 2,145 ($29.10).

The firm also recently declared a dividend, which will be paid on Friday, May 25th. Stockholders of record on Thursday, May 3rd will be paid a dividend of €1.43 ($1.70) per share. This represents a dividend yield of 6.47%. The ex-dividend date of this dividend is Thursday, May 3rd. This is a boost from Mondi’s previous dividend of $0.19.

In other Mondi news, insider Stephen G. Young purchased 2,026 shares of the company’s stock in a transaction dated Wednesday, May 16th. The shares were acquired at an average price of GBX 2,072 ($28.11) per share, for a total transaction of £41,978.72 ($56,943.46).

Mondi Company Profile

Mondi plc manufactures and sells packaging and paper products primarily in central Europe, Russia, North America, and South Africa. Its products include virgin and recycled containerboards, sack and specialty kraft papers, pulp, corrugated packaging products, industrial bags, extrusion coatings, films and hygiene components, release liners, consumer goods packaging products, office and professional printing papers, and barrier coatings, as well as pre-made bags and pouches, printed laminates, and high-barrier films for the consumer industry.

Analyst Recommendations for Mondi (LON:MNDI)

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